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Reports
Published
Efficiency and effectiveness in tax collection
Finance
Internal controls and governance
Management and administration
This performance audit looked at whether the Office of State Revenue was effective in collecting as much tax as it should, and at the lowest cost to the government.
The Office of State Revenue (OSR) plays a crucial role in collecting revenue for NSW Government. About one-third of the money spent on services like our public schools and public hospitals is collected by OSR. This is through NSW Government taxes like stamp duty on real estate and payroll tax.
Parliamentary reference - Report number #255 - released 25 June 2015
Published
Areas of focus from 2014
Education
Community Services
Finance
Health
Industry
Justice
Local Government
Planning
Premier and Cabinet
Transport
Treasury
Universities
Whole of Government
Environment
Compliance
Financial reporting
Fraud
Information technology
Internal controls and governance
Procurement
Project management
Risk
The 2014 audits showed that the quality and timeliness of financial reporting have continued to improve. However, many agencies do not have financial sustainability indicators that provide early warning of management issues, such as an inability to meet financial obligations. Weaknesses were identified in information security, management of leave balances, asset management and internal controls.
Governance issues and gaps in performance information and reporting across the sector suggest Chief Financial Officers should have a stronger role and be more involved in strategy and risk management to maximise performance and add value.
